What is the marginal rate of technical substitution of, Ask an Expert

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Hi, Im actually having a ton of trouble with some homework I have. Hopefully someone can help, thanks! Suppose the production function is given by the following equation (where a and b are positive constants): Q = aL+bK. What is the marginal rate of technical substitution of labor for capital at any point along an isoquant?

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Business Economics, Economics

Category:- Business Economics
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